State any two feature of juornal
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Features of Journal Entries
Chronological: In which the transactions happen, the journal entries are to be recorded in a date-wise sequence or order.
Double Entry System: Every transaction is equally entered on both debit and credit sides as it is a dual entry system. ...
Daybook: It records day-to-day transactions
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- Chronological: In which the transactions happen, the journal entries are to be recorded in a date-wise sequence or order.
- Double Entry System: Every transaction is equally entered on both debit and credit sides as it is a dual entry system. ...
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